新闻资讯
新闻资讯

Global mining investment grew by 18% in 2021.

Time

2021-05-26 12:43

Source:

Global mining investment grew by 18% in 2021.
 
According to a report by Mining.com, the latest research from S&P Global Market Intelligence found that the actual investment expenditure of more than 400 mining companies surveyed fell by 8% in 2020 compared to the previous year due to the impact of lockdown measures, putting unprecedented pressure on the global supply chain.
 
At the beginning of 2020, these mining companies planned to invest $162 billion, an increase of 9% compared to 2019. However, due to the pandemic, these mining companies reduced their investment by 4% to $156 billion, still higher than the level in 2019. As the pandemic worsened, these mining companies had to readjust their plans, with actual investment in 2020 being $149 billion, which was 8% and 4% lower than the forecasts adjusted before and after the Covid-19 pandemic, respectively. This was also slightly lower than the expenditures reported by mining companies in 2019.
 
S&P noted that the global economy is recovering, with GDP growth expected to reach 5.5% in 2021. As the world gradually emerges from the pandemic, investment expenditure is expected to increase significantly.
It is expected that the investment of these mining companies will reach $176 billion in 2021, an increase of 18% compared to 2020. This estimate is based on the resumption of delayed projects and a general rise in mining activities stimulated by rising metal prices.
 
During the recovery period in mining, leaders stand out, with Chinese companies investing more than planned in 2020. Chinese companies originally planned to reduce investment by 8% compared to 2019, partly due to the lockdown and restrictions implemented at the beginning of the year. However, signs of recovery appeared in the middle of the second quarter, prompting Chinese companies to adjust their 2020 investment plans, resulting in an 8% increase compared to 2019. The actual investment reported by Chinese companies in 2020 increased by 15% compared to 2019.
Before the pandemic, precious metal companies planned to reduce their 2020 investment by 13% compared to the previous year, but the actual investment reported was basically flat with 2019, mainly due to the recovery of investments from mining companies in Australia and China. In 2021, precious metal companies will increase their investment by one-third compared to 2019, represented by Newmont and Gold Fields.
 
Additionally, S&P expects that large mining companies with a market value of over $50 billion plan and actual investments are higher than those of other companies. Before the pandemic, large mining companies planned to increase their 2020 investment by 35% compared to 2019. However, with the outbreak of the pandemic, large mining companies adjusted the increase to 28%, while the actual increase in 2020 was 22%.
 
In 2021, the investment gap between large mining companies and the other three types of companies further widened, with their investment expected to grow by 51% compared to 2019, while the investment growth of the other three types of companies was close, averaging 21%.
 
(Source: Ministry of Natural Resources)

Prev

Why has the mined-out area become an "aerial garden"?

Next

The 2021 Changsha International Construction Machinery Exhibition has opened.

RELATED INFORMATION

Maxus Mining acquires antimony and tungsten projects in British Columbia

Maxus Mining announced Thursday it has entered an option agreement to acquire a 100% interest in one tungsten and three antimony exploration properties in British Columbia covering more than 4,100 hectares

Lundin targets top-ten copper miner status in bold expansion plan

Canada’s Lundin Mining has unveiled a strategic growth plan designed to catapult the company to the status of the world’s top ten copper producers.

SolGold to start mining copper from Cascabel in early 2028

SolGold is fast-tracking the development of its flagship Cascabel copper-gold project in northern Ecuador, with first production now expected in 2028, three to four years ahead of its original schedule

Teck approves $2.4B expansion of Highland Valley Copper

Teck Resources’  board has approved a C$2.1–C$2.4 billion ($1.6 -$1.8 bn) project to extend the life of its Highland Valley Copper Mine (HVC) in British Columbia, securing operations at Canada’s largest copper mine into the mid-2040s.

Ariana Resources nears production at Tavsan gold mine

Ariana Resources soared after the Australian gold developer announced the imminent start of production at the Tavsan gold mine in Türkiye .

Northern Minerals expands mining leases at Browns Range

Heavy rare earths company Northern Minerals has been granted a new mining lease that more than doubles the tenure area at its Browns Range project, in Western Australia’s East Kimberley.